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MITCON Consultancy & Engineering Services Q2 FY27 results: net profit ₹6.19 crore vs ₹0.98 crore
MITCON Consultancy & Engineering Services Limited reported consolidated revenue of ₹86.78 crore for Q2 FY27, up 194.6% from ₹29.46 crore in the year-ago quarter. Net profit rose to ₹6.19 crore from ₹0.98 crore, while basic EPS increased to ₹3.55 from ₹0.56 and the EBITDA margin fell 5.0 percentage points to 14.6%.
Key points
- Consolidated revenue rose 194.6% year on year to ₹86.78 crore and increased 28.4% from ₹67.58 crore in Q1 FY27.
- Net profit was ₹6.19 crore, up 531.6% from ₹0.98 crore in Q2 FY26 and 125.1% from ₹2.75 crore in the previous quarter.
- Basic EPS rose to ₹3.55 from ₹0.56 a year earlier and ₹1.58 in Q1 FY27.
- EBITDA increased to ₹12.69 crore from ₹5.78 crore in Q2 FY26, while the margin declined to 14.6% from 19.6%.
- For H1 FY27, revenue was ₹154.37 crore and net profit ₹8.94 crore, against ₹53.89 crore and ₹2.17 crore in H1 FY26.
How did MITCON Consultancy & Engineering Services perform in Q2 FY27?
MITCON Consultancy & Engineering Services reported consolidated revenue of ₹86.78 crore for the July–September 2026 quarter, against ₹29.46 crore in Q2 FY26 and ₹67.58 crore in Q1 FY27. Total income was ₹87.62 crore, compared with ₹29.87 crore a year earlier and ₹68.47 crore in the previous quarter. On a standalone basis, revenue was ₹11.42 crore and profit after tax ₹0.79 crore.
EBITDA was ₹12.69 crore in Q2 FY27, up from ₹5.78 crore in the year-ago quarter and ₹7.71 crore in Q1 FY27. The EBITDA margin fell 5.0 percentage points to 14.6% from 19.6%, while it rose 3.2 percentage points from 11.4% in the previous quarter. Profit before tax was ₹8.39 crore and net profit ₹6.19 crore, with basic EPS of ₹3.55.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 86.78 | 67.58 | 29.46 | +194.6% | +28.4% |
| Other income | 0.83 | 0.88 | 0.42 | +97.6% | −5.7% |
| Total expenses | 79.22 | 64.65 | 28.74 | +175.6% | +22.5% |
| EBITDA | 12.69 | 7.71 | 5.78 | +119.6% | +64.6% |
| EBITDA margin | 14.6% | 11.4% | 19.6% | −5.0 pp | +3.2 pp |
| Profit before tax | 8.39 | 3.82 | 1.13 | +642.5% | +119.6% |
| Tax | 2.22 | 1.01 | 0.25 | +788.0% | +119.8% |
| Net profit | 6.19 | 2.75 | 0.98 | +531.6% | +125.1% |
| EPS (₹) | 3.55 | 1.58 | 0.56 | +533.9% | +124.7% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in MITCON Consultancy & Engineering Services' costs and profit?
Total expenses rose to ₹79.22 crore in Q2 FY27 from ₹28.74 crore in Q2 FY26, an increase of ₹50.48 crore. The main movement was cost of materials, which rose by ₹49.32 crore to ₹57.32 crore from ₹8 crore. Employee cost increased by ₹0.74 crore to ₹11.45 crore, depreciation by ₹0.27 crore to ₹2.71 crore and other expenses by ₹0.34 crore to ₹4.83 crore.
Finance costs fell by ₹0.20 crore to ₹2.42 crore from ₹2.62 crore in the year-ago quarter. Other income rose by ₹0.41 crore to ₹0.83 crore from ₹0.42 crore. Tax expense increased by ₹1.97 crore to ₹2.22 crore from ₹0.25 crore, and there was no exceptional item in either quarter.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 57.32 | 8 | +49.32 | +616.5% |
| Employee cost | 11.45 | 10.71 | +0.74 | +6.9% |
| Finance costs | 2.42 | 2.62 | −0.20 | −7.6% |
| Depreciation | 2.71 | 2.44 | +0.27 | +11.1% |
| Other expenses | 4.83 | 4.49 | +0.34 | +7.6% |
| Total expenses | 79.22 | 28.74 | +50.48 | +175.6% |
| Other income | 0.83 | 0.42 | +0.41 | +97.6% |
| Tax | 2.22 | 0.25 | +1.97 | +788.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, consolidated revenue was ₹154.37 crore, up 186.5% from ₹53.89 crore in H1 FY26, while total income rose to ₹156.08 crore from ₹54.68 crore. Profit before tax increased to ₹12.21 crore from ₹2.75 crore over the same period.
Net profit for H1 FY27 was ₹8.94 crore, up 312.0% from ₹2.17 crore in H1 FY26. Basic EPS rose to ₹5.13 from ₹1.25 during the first half.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 154.37 | 53.89 | +186.5% |
| Profit before tax | 12.21 | 2.75 | +344.0% |
| Net profit | 8.94 | 2.17 | +312.0% |
| EPS (₹) | 5.13 | 1.25 | +310.4% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Operating cash flow for H1 FY27 was ₹25.71 crore, against ₹3.48 crore in H1 FY26. Investing cash flow was negative ₹6.81 crore compared with negative ₹1.64 crore, while financing cash flow was negative ₹24.04 crore against positive ₹8.59 crore. Capital expenditure was ₹5.96 crore for H1 FY27, against ₹1.83 crore a year earlier.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 325.33 | 321.53 |
| Total equity | 182.79 | 172.92 |
| Borrowings | 91.28 | 92.05 |
| Cash and equivalents | 4.37 | 10.56 |
| Inventories | 17.09 | 8.60 |
| Trade receivables | 49.30 | 60.19 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 25.71 | 3.48 |
| Cash from investing | −6.81 | −1.64 |
| Cash from financing | −24.04 | 8.59 |
| Capital expenditure | 5.96 | 1.83 |
Source: Company's results filing (XBRL).
How has MITCON Consultancy & Engineering Services done over the last 8 quarters?
Revenue rose in each of the last five quarters on a year-on-year basis, while profit rose year on year in each of the last four quarters. Revenue reached ₹86.78 crore in Q2 FY27, the highest in the reported period, up from ₹67.58 crore in Q1 FY27 and a low of ₹22.31 crore in Q3 FY25.
Net profit was ₹6.19 crore in Q2 FY27, against ₹2.75 crore in Q1 FY27 and ₹0.38 crore in Q3 FY25. The EBITDA margin was 14.6% in Q2 FY27, up from 11.4% in Q1 FY27 but below the 29.8% recorded in Q3 FY25. Earlier in the sequence, it moved from 19.9% in Q4 FY25 to 26.2% in Q1 FY26 and 19.6% in Q2 FY26.
Which businesses drove the quarter?
Project Service was the largest reported segment in Q2 FY27, with revenue of ₹61.89 crore and EBIT of ₹6.58 crore at a 10.6% EBIT margin. Revenue rose 972.2% from ₹5.77 crore in the year-ago quarter, when EBIT was ₹0.41 crore.
Consultancy and Training reported revenue of ₹21.24 crore, up 3.2% from ₹20.59 crore in Q2 FY26. EBIT was ₹2.02 crore against ₹1.98 crore, with an EBIT margin of 9.5%. Wind / Solar Power Generation reported revenue of ₹3.65 crore, EBIT of ₹1.38 crore and an EBIT margin of 37.8%, with no year-ago comparison given.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Consultancy and Training | 21.24 | +3.2% | 2.02 | 9.5% |
| Project Service | 61.89 | +972.2% | 6.58 | 10.6% |
| Wind / Solar Power Generation | 3.65 | 1.38 | 37.8% |
Source: Company's results filing (XBRL segment data).
How did other Consulting Services companies do?
Seven Consulting Services companies that have filed for this quarter were compared with MITCON Consultancy & Engineering Services. Their median revenue growth was 22.6%, against revenue growth of 194.6% for MITCON. All seven peers grew slower than the company, and none grew faster.
Of the seven peers for which profit was compared, three reported higher profit. The peer figures are as of 6 November 2026.
| MITCON Consultancy & Engineering Services revenue growth (YoY) | +194.6% |
|---|---|
| Median of 7 other Consulting Services companies | +22.6% |
| Companies with slower revenue growth than MITCON Consultancy & Engineering Services | 7 of 7 |
| Companies with faster revenue growth than MITCON Consultancy & Engineering Services | 0 of 7 |
| Companies whose net profit rose | 3 of 7 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was MITCON Consultancy & Engineering Services' revenue in Q2 FY27?
Revenue from operations was ₹86.78 crore, up 194.6% from ₹29.46 crore in Q2 FY26 (consolidated).
Did MITCON Consultancy & Engineering Services make a profit in Q2 FY27?
Yes. Net profit was ₹6.19 crore, against a net profit of ₹0.98 crore in Q2 FY26.
What was MITCON Consultancy & Engineering Services' EPS in Q2 FY27?
Basic earnings per share were ₹3.55, against ₹0.56 in Q2 FY26.
When did MITCON Consultancy & Engineering Services announce its Q2 FY27 results?
On 6 November 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 6 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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